ArmInfo. Armenian Finance Minister Vahe Hovhannisyan does not consider the criticism that the country's financial authorities have failed the country's economic policy to be justified.
At the end of December 2024, the Armenian Finance Ministry once again lowered its GDP growth expectations to 5-5.5%. Earlier, in September, the forecast was revised to 5.8%. Meanwhile, in the approved budget for 2024, the figure was set at 7%.
, he said in response to criticism from opposition Hayastan faction MP Artur Khachatryan at a January 13 NA meeting on financial, budgetary and credit issues.
For example, according to him, if we take the preferences provided by the same EAEU, then Armenia is the country that has benefited most from the benefits of membership (according to the Deputy Minister of Economy of the Republic of Armenia, the EAEU accounts for about 50% of Armenian exports; in the first 10 months of 2024, Armenia's trade turnover with the EAEU countries exceeded the threshold of $11 billion, against $3.4 billion for the entire 2023 - ed.)
In addition, the head of the Ministry of Finance emphasized in response to Khachatryan's words that the Armenian government in its 5-year activity program promised to ensure annual growth of at least 7%, and in the presence of favorable external conditions - all 9%, the document predicts something else - a minimum average annual GDP growth rate of 7%, and in the presence of favorable external economic conditions - 9%.
Thus, if we calculate the average economic growth for the period from 2021, the growth will be more than 7%, he noted. The head of the State Revenue Committee Eduard Hakobyan, in turn, noted that in recent years the RA authorities have been able to increase the country's economic potential for generating GDP - from the early 4% to 5% and more.
